Gazprom & Petrovietnam Discuss Future Cooperation in Oil & Gas Sector

Source: www.gulfoilandgas.com 11/19/2014, Location: Asia

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Nguyen Xuan Son, Chairman of the PetroVietnam Oil and Gas Group (PVN) Board of Directors.

The parties addressed the future cooperation in the oil and gas sector. In particular, they touched upon the joint actions offshore Vietnam as well as within gas production projects in Russia. It was pointed out that the jointly developed Moc Tinh and Hai Thach fields located on the Vietnamese shelf would reach their full capacity by 2016 and would produce nearly two billion cubic meters of gas per year.

The meeting participants also discussed the prospects for cooperation in LNG supply from Gazprom's portfolio to Vietnam as well as boosting the partnership in the NGV sector in the Republic.

Special attention was given to the cooperation in the oil refining and supply businesses. In particular, the parties pointed out the positive dynamics of the talks on Gazprom's possible entry into the project for upgrading the Dung Quat oil refinery in Vietnam.

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